Canadian Natural Resources Balance Sheet Health
Financial Health criteria checks 4/6
Canadian Natural Resources has a total shareholder equity of CA$39.9B and total debt of CA$10.0B, which brings its debt-to-equity ratio to 25.1%. Its total assets and total liabilities are CA$75.1B and CA$35.2B respectively. Canadian Natural Resources's EBIT is CA$9.9B making its interest coverage ratio 17.5. It has cash and short-term investments of CA$721.0M.
Key information
25.1%
Debt to equity ratio
CA$10.03b
Debt
| Interest coverage ratio | 17.5x |
| Cash | CA$721.00m |
| Equity | CA$39.90b |
| Total liabilities | CA$35.18b |
| Total assets | CA$75.08b |
Recent financial health updates
Recent updates
These 4 Measures Indicate That Canadian Natural Resources (TSE:CNQ) Is Using Debt Reasonably Well
Nov 29
Returns On Capital Are Showing Encouraging Signs At Canadian Natural Resources (TSE:CNQ)
Nov 12Is There An Opportunity With Canadian Natural Resources Limited's (TSE:CNQ) 37% Undervaluation?
Aug 24Canadian Natural Resources Limited Just Missed EPS By 36%: Here's What Analysts Think Will Happen Next
May 04Canadian Natural Resources Limited's (TSE:CNQ) Shares May Have Run Too Fast Too Soon
Apr 05Canadian Natural Resources' (TSE:CNQ) Dividend Will Be Increased To CA$1.05
Mar 05Canadian Natural Resources Limited (TSE:CNQ) Annual Results Just Came Out: Here's What Analysts Are Forecasting For This Year
Mar 02Canadian Natural Resources Limited (TSE:CNQ) Shares Could Be 44% Below Their Intrinsic Value Estimate
Feb 25We Like These Underlying Return On Capital Trends At Canadian Natural Resources (TSE:CNQ)
Feb 11Financial Position Analysis
Short Term Liabilities: CNQ's short term assets (CA$6.8B) do not cover its short term liabilities (CA$8.0B).
Long Term Liabilities: CNQ's short term assets (CA$6.8B) do not cover its long term liabilities (CA$27.2B).
Debt to Equity History and Analysis
Debt Level: CNQ's net debt to equity ratio (23.3%) is considered satisfactory.
Reducing Debt: CNQ's debt to equity ratio has reduced from 64.6% to 25.1% over the past 5 years.
Debt Coverage: CNQ's debt is well covered by operating cash flow (147.3%).
Interest Coverage: CNQ's interest payments on its debt are well covered by EBIT (17.5x coverage).
Balance Sheet
Discover healthy companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/26 13:14 |
| End of Day Share Price | 2024/12/24 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Canadian Natural Resources Limited is covered by 55 analysts. 6 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Harshit Gupta | Accountability Research Corporation |
| Patrick O'Rourke | ATB Capital Markets |
| Thomas Driscoll | Barclays |